Suprema’s revenue jumps, net profit follows suit

Suprema has announced that its 2012 revenue rose 25% year-on-year growth and its net profit increased 148.6% from 2011.

For the year ended 31 December 2012, the company reported US$ 47.72 million in global sales, which also increased 25% from 2011.

According to the company, the strong growth of security systems over the company’s worldwide sales channel made a major contribution to the company’s success. Also to be owed some credit is the surging demand for face recognition and its identification solution for government sectors. Since its founding in 2000, Suprema has recorded double-digit growth for 12 consecutive years and its current market capital is above US$ 285 million.

The company says it has a bright outlook for the next year and plans to introduce new products and to expand its public ID solution business including live scanners and passport readers to government sectors.

The Mexican Government has chosen Suprema as the provider of passport readers and authentication devices for the country’s national electronic passport project.

Reported previously in BiometricUpdate.com, Suprema has a wide range of products, and customers. Recently, Suprema’s RealScan-G1 fingerprint live scanner tested in full compliance and received final certification from the Government of India’s Standarisation Testing and Quality Certification (STQC) for the country’s Aadhaar program.

Enertech Systems, an operating partner for Suprema in the U.S., Canada and Puerto Rico, recently announced its new Certified Biometric Partner Program for access control systems integrators and dealers. Workshops will be held monthly by webinar and will provide integrators with the knowledge they need to install, configure, implement and troubleshoot a Suprema product solution.

Article Topics

authentication  |  financial results  |  fingerprint  |  Suprema